Carbon financing has saved over 2 million hectares of forest and channeled hundreds of millions of dollars towards forest projects over the last twenty years. This has helped to preserve tens of millions of trees, improve animal habitats, and sequestered millions of tons of CO2. Ecosystem Marketplace released a new report today entitled, State of the Forest Carbon Markets 2009: Taking Root & Branching Out, that details the history of the forest carbon markets and the great progress that was made in 2009. The report outlines trends in the market, and notes recent upswings in activity. Carbonfund.org has a long history of supporting forest-based carbon offset projects. Currently, Carbonfund.org supports projects in Louisiana, Nicaragua, Brazil, and China that are reducing carbon and improving local environments. Deforestation and forest degradation account for around 20% of climate change causing greenhouse gas emissions — more than the global transportation sector. Forest-based carbon reduction projects actually sequester emissions (or take carbon dioxide out of the atmosphere) and have been an effective way to help balance out these emissions. The projects Carbonfund.org supports also help protect or restore habitats, preserve biodiversity and have other benefits for the environment and local communities.